By Living Room Realty, September 29, 2023
Congrats on your accepted offer and getting closer to buying your home! So what’s next?
To ensure a smooth transition into your new home, it’s crucial to steer clear of unexpected surprises. A professional home inspection is your trusted ally in this process, offering vital insights into your potential property’s condition. This guide will walk you through each step, from choosing the right inspector to deciphering the report and handling potential issues. With this knowledge, you’ll confidently make informed decisions about your new home.
1. Selecting the Right Inspector
Before diving into the inspection process, it’s essential to choose a reputable and experienced home inspector. Your agent can make recommendations, but ultimately it’s your choice. Look for someone well-versed in local building codes and familiar with the specific construction and age of the property.
2. Items to Check Off
During the inspection, the home inspector will conduct a visual assessment of the property’s physical condition and major systems. This standard checklist encompasses crucial aspects such as heating, cooling, electrical systems, appliances, plumbing, chimney, structure, foundation, drainage, roofing, and garage.
Keep in mind that inspectors focus on visible deficiencies and won’t uncover hidden defects. If any area raises concern, you can request permission from the seller to further investigate. In cases of serious concerns, consider bringing in an expert for a more thorough evaluation.
3. Time and Cost + Special Services
On average, a standard inspection may take 2 to 4 hours, depending on the home’s size, and could cost a few hundred dollars. It’s advisable to schedule one of the first appointments of the day to ensure a fresh and thorough inspection. Your agent can help get everything lined-up to keep your timeline secure.
For additional costs, consider additional inspections beyond the standard home and property assessment for a comprehensive evaluation. These may include checks for wood-destroying insects, rodents, mold, pools, spas, sprinkler systems, as well as environmental services like radon, lead, asbestos, and buried oil tanks. Verify if your inspector is licensed for these additional assessments, or if you need to bring in a specialist.
4. Show and Tell: The Report Summary
Accompanying the inspector during the process or joining for the report’s summary is a valuable opportunity to gain firsthand knowledge about your new home. You’ll learn about the systems in your home, their condition, and how to maintain them. This knowledge is not only essential for a new homeowner but also helps in preserving your home’s value.
Following the inspection, you’ll receive a signed report summarizing the findings. Remember, this report is exclusively for your use. While it’s not a warranty, it provides valuable insight into the visible condition at the time.
5. Taking Action
Should the report raise concerns, consider hiring experts for estimates on necessary repairs. This is also something your agenet will help you arrange. We have a list of local experts who are willing to come out and tell you if the problem is repairable and what it would cost to fix. Determine what you’re willing to fix and discuss options with your agent and contractors.
6. Negotiating Repairs
Decide whether you want the sellers to handle repairs or offer a credit. Supervising repairs by your chosen contractors can ensure quality work. Keep in mind the seller’s incentive to opt for the most economical solutions.
In conclusion, a home inspection is a pivotal step in the home buying process. Armed with this knowledge, you can confidently navigate this phase, ensuring your new home is a place of comfort and security. Remember, as your real estate agent, I am here to guide you through every step, leveraging my expertise to help you make informed decisions.
